ITW reported 2Q26 results that we view as solid (2Q26 EPS of $2.84 vs. Factset consensus $2.79 and our $2.78; operating income of $1,147mn was above consensus of $1,121mn and our $1,119mn), led by material acceleration in ITW's more capex-levered business segments. Though segment by segment demand appears reflective of still mixed trends overall, raised '26 organic growth and EPS outlooks are an encouraging sign and commentary noting "significantly higher contribution from new products" could be viewed as a ...